Which of the Following Is NOT a Characteristic of a Perfectly

question 131

Multiple Choice

Which of the following is NOT a characteristic of a perfectly competitive market

• A)similar products
• B)numerous sellers
• C)market power
• D)numerous buyers

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Definitions:

Static Variable

A variable that belongs to the class itself rather than any instance of that class, maintaining a single shared value for all instances of the class.

Class

A blueprint or prototype from which objects are created in object-oriented programming, encapsulating data for the object and methods to manipulate that data.

Java SDK

A software development kit that provides tools for developing Java applications, including a compiler, library classes, and a runtime environment.

Javadoc

A documentation generator for Java, used to create HTML pages with API documentation from Java source code.